Invention Grant
- Patent Title: System and method for management and activation of conditional bid offers
-
Application No.: US14843452Application Date: 2015-09-02
-
Publication No.: US10559029B2Publication Date: 2020-02-11
- Inventor: Ashish Kumar
- Applicant: Ashish Kumar
- Agency: Marin Patents LP
- Agent Gustavo Marin
- Main IPC: G06Q30/08
- IPC: G06Q30/08 ; G06Q30/06

Abstract:
A method and system for processing and managing activation of conditional offers initiated by a buyer device and bid offer responses from multiple seller devices. The method and system of the present invention comprise a mechanism for buyer devices to request bid offers from multiple seller devices using product keywords; seller devices to provide an offer for an exact or similar product with a condition; the buyer device activating the condition by quantifying a purchase intent for completing the transaction; buyer devices may be used to review, select, accept and activate one or more bid offers by quantifying the specified purchase intent through at least one central controller consisting of a central processing unit, operating system software to run the central processing unit and data storage means to identify at least buyer devices, seller devices and transaction attributes.
Public/Granted literature
- US20150371324A1 SYSTEM AND METHOD FOR MANAGEMENT AND ACTIVATION OF CONDITIONAL BID OFFERS Public/Granted day:2015-12-24
Information query